Let me add that I'm sorry about the taxes in NY (my taxes for a property of similar value is less than 25% of that amount).Just a few tips if you do go through with the purchase and rehab: Make energy efficient upgrades (windows, appliances, etc.) so the students' utility bills are better than average; have parents co-sign on the leases; and think about including utilities in the rent, such as water and internet, and raising the rent to compensate.

The rents even in the mountains in a double wide (finished nicely, ie: tile, bamboo engineered flooring, french doors, large windows, some sky lights) will fetch 1700 to 2000 rents.  

There is no parking lot, driveway to rent out so that's out the window.

I'm in Michigan and I know from experience that radiant heat is very enjoyable in the winter but it gets very hot here in the summers and and I don't want to fill every window with a window ac unit.How much value do you think I loose by having radiant heat?

If you have a vacant unit that gets scammed, you might end up with tenants who cralwed through the window to let themselves in who didn't get their key in the mail yet.

I spoke with him and found he has put a new roof,carport roof, furnace, outside paint job,and two window units in.

Wait until business is slow and they are hungry and retailers are doing deals to sell product on off peak times.Same thing with A/C companies as these three months are hottest here in Georgia and if the A/C goes out look to pay a premium or the people will not even come out to fix anything.A cheap fix in the situation is to buy a window unit and make it a few months until you do not need an A/C unit but just the heat and then in Spring when times are slow get it fixed or replaced for a deal.

Our plan is to increase the value by upgrading the kitchen/bath (condo is 10 yrs old) new windows, crown molding ect.

They are finished, with window ac units in each. 

There are little brown spots of fly poop on everything from the walls to light fixtures to window frames and everything in between.